Investing for the AI Boom: Masters in Business with Glen Kacher

The AI industry is currently navigating a decade-long demand cycle, transitioning from foundational infrastructure build-outs to the development of autonomous agentic systems. Semiconductor powerhouses like NVIDIA, AMD, Broadcom, and TSMC anchor this growth, leveraging massive market share and continuous hardware innovation to meet surging compute requirements. While frontier models from companies like OpenAI and Anthropic dominate the current landscape, open-source alternatives offer a cost-effective, customizable solution for enterprises. Successful investment in this sector requires identifying companies that can effectively scale while navigating emerging bottlenecks, such as data security vulnerabilities and energy supply constraints. Ultimately, the shift toward agentic AI—where software autonomously executes complex tasks—will define the next phase of corporate productivity, with the most successful firms being those that prioritize long-term innovation over short-term market fluctuations.